Post
Topic
Board Service Announcements (Altcoins)
Re: [ANN] YieldFields.finance - DEFI your project- Farm, Stake, Swap, Wrap
by
BinaryByron
on 06/02/2022, 22:07:49 UTC
You voted for it
So we delivered
🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥
FIELD BURN POOL IS NOW LIVE !!!!
🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥
Currently 10% (1 in 10) of new FIELD is automatically being BURNT

BUT

we're not stopping there.
Over the course of the next 2 years we plan to increase the burn rate to a WHOPPING 87.5%* !

That's right, 87.5%.
The team plan on a medium term strategy to SIGNIFICANTLY cut the daily rate of new FIELD supply, which in combination with buybacks & team weekly burns will make FIELD deflationary

Keep your farm equipment well oiled, our FIELDs are going to be fit to bursting with harvest

Burn schedule
(10%) 1 FIELD per block for 60 days, then
(20%) 2 FIELD per block for 60 days, then
(30%) 3 FIELD per block for 60 days, then
(40%) 4 FIELD per block for 60 days, then
(50%) 5 FIELD per block for 60 days, then
(55%) 5.5 FIELD per block for 60 days, then
(60%) 6 FIELD per block for 60 days, then
(65%) 6.5 FIELD per block for 60 days, then
(70%) 7 FIELD per block for 60 days, then
(75%) 7.5 FIELD per block for 60 days, then
(77.5%) 7.75 FIELD per block for 60 days, then
(80%) 8 FIELD per block for 60 days, then
(82.5%) 8.25 FIELD per block for 60 days, then
(85%) 8.5 FIELD per block for 60 days, then
(87.5%) 8.75 FIELD per block ongoing

Leaving 1.25 FIELD per block distributed
87.5% burn target


*This is subject to change based on market factors & community feedback